If the Cross-Price Elasticity of Demand Between Good a and Good

question 98

Multiple Choice

If the cross-price elasticity of demand between Good A and Good B is 2,the price of Good B increases,and the price elasticity of demand for Good B is elastic,we can expect to see a ________ change in the quantity demanded for Good A.

• A) positive,zero
• B) positive,small
• C) negative,infinite
• D) negative,one-for-one
• E) negative,large

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Halliburton Energy Services

A global service provider for the energy industry, offering products and services for oilfield, drilling, and evaluation.

Fleet National Bank

A former financial institution in the United States that was merged into Bank of America in 2004.

Forgery

The illegal act of creating, altering, or imitating objects, documents, or signatures with the intent to deceive or defraud.